ADB Projects Slower Rate Cuts and Downgrades Growth Forecasts for Developing Asia Amid Trade and Geopolitical Uncertainty
The Asian Development Bank sees a slower pace of monetary easing in developing Asia, revises regional growth outlook downward due to trade tensions, export declines, and ongoing geopolitical uncertainties.
HBL Manufacturing PMI Drops to 8-Month Low in May Amid Geopolitical Disruptions and Supply Chain Pressures
Pakistan’s manufacturing sector saw a slowdown in May as HBL’s Manufacturing PMI dropped to 51.1, its lowest in eight months, due to geopolitical tensions and supply chain disruptions, despite growing optimism for future output.